ProShares UltraShort Financials (NYSEARCA:SKF – Get Free Report) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 21,205 shares, a growth of 112.3% from the December 31st total of 9,990 shares. Currently, 5.4% of the shares of the company are sold short. Based on an average daily trading volume, of 22,354 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 22,354 shares, the short-interest ratio is currently 0.9 days. Currently, 5.4% of the shares of the company are sold short.
ProShares UltraShort Financials Stock Up 0.5%
SKF opened at $26.73 on Friday. ProShares UltraShort Financials has a fifty-two week low of $23.86 and a fifty-two week high of $44.19. The company has a fifty day moving average of $26.09 and a two-hundred day moving average of $27.11.
Institutional Trading of ProShares UltraShort Financials
An institutional investor recently bought a new position in ProShares UltraShort Financials stock. Group One Trading LLC bought a new stake in ProShares UltraShort Financials (NYSEARCA:SKF – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,313 shares of the company’s stock, valued at approximately $37,000. Group One Trading LLC owned about 0.35% of ProShares UltraShort Financials at the end of the most recent reporting period.
ProShares UltraShort Financials Company Profile
ProShares UltraShort Financials (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Financials Index (the Index). The Index measures the performance of the financial services industry of the United States equity market. Component companies include regional banks; United States-domiciled international banks; full line, life and property and casualty insurance companies; companies that invest directly or indirectly in real estate; diversified financial companies, such as Federal National Mortgage Association, credit card issuers and investment advisers; securities brokers and dealers, including investment banks, merchant banks and online brokers, and publicly traded stock exchanges.
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